The Denali Fund Inc. Declares Dividend

December 12, 2014 04:05 PM Eastern Standard Time

BOULDER, Colo.--(BUSINESS WIRE)--The Denali Fund Inc. (NYSE: DNY) announced that earlier today its board
of directors declared a dividend of $1.46736 per common share payable in
cash on December 30, 2014 to holders of record on December 22, 2014. In
accordance with generally accepted accounting principles (“GAAP”), the
dividend will consist of $1.46736 per share of long-term capital gain.
The timing and character of distributions for federal income tax
purposes are determined in accordance with income tax regulations which
may differ from GAAP. As such, all or a portion of this distribution may
be reportable as taxable income on your 2014 federal income tax return.
The final tax character of any distribution declared in 2014 will be
determined in January 2015 and reported to you on IRS Form 1099-DIV.